Huron Consulting Group Inc. (NASDAQ:HURN) Receives $145.50 Average Price Target from Brokerages

Shares of Huron Consulting Group Inc. (NASDAQ:HURN) have been given a consensus recommendation of “Buy” by the five research firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $151.75.

Several research analysts have weighed in on HURN shares. Wedbush started coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Barrington Research increased their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a research report on Thursday. William Blair reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday. Truist Financial reissued a “buy” rating and set a $165.00 price objective (up from $140.00) on shares of Huron Consulting Group in a research note on Wednesday. Finally, Benchmark raised their price objective on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday.

Insider Buying and Selling

In related news, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $122.81, for a total transaction of $127,968.02. Following the sale, the director now owns 26,756 shares in the company, valued at approximately $3,285,904.36. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Roth sold 2,000 shares of Huron Consulting Group stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $126.03, for a total transaction of $252,060.00. Following the completion of the transaction, the director now owns 48,534 shares in the company, valued at approximately $6,116,740.02. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,084 shares of company stock worth $2,942,539. 2.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group during the 4th quarter worth $33,000. Voloridge Investment Management LLC purchased a new stake in Huron Consulting Group during the 4th quarter worth $3,059,000. Squarepoint Ops LLC increased its stake in Huron Consulting Group by 355.5% during the 4th quarter. Squarepoint Ops LLC now owns 17,853 shares of the business services provider’s stock worth $2,218,000 after buying an additional 13,934 shares during the period. Point72 Asset Management L.P. purchased a new stake in Huron Consulting Group during the 4th quarter worth $348,000. Finally, ProShare Advisors LLC increased its stake in Huron Consulting Group by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 4,947 shares of the business services provider’s stock worth $615,000 after buying an additional 1,627 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Price Performance

Shares of NASDAQ:HURN opened at $152.46 on Wednesday. Huron Consulting Group has a one year low of $84.26 and a one year high of $153.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. The company has a 50-day simple moving average of $126.92 and a 200-day simple moving average of $117.81. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 33.14 and a beta of 0.59.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The business had revenue of $399.31 million for the quarter, compared to analyst estimates of $380.62 million. On average, analysts predict that Huron Consulting Group will post 6.1 EPS for the current year.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.